Eco-Tek Holdings (HKSE:08169) Inventory Turnover : 1.26 (As of Oct. 2023)

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What is Eco-Tek Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Eco-Tek Holdings's Cost of Goods Sold for the three months ended in Oct. 2023 was HK$21.2 Mil. Eco-Tek Holdings's Average Total Inventories for the quarter that ended in Oct. 2023 was HK$16.9 Mil. Eco-Tek Holdings's Inventory Turnover for the quarter that ended in Oct. 2023 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eco-Tek Holdings's Days Inventory for the three months ended in Oct. 2023 was 72.67.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Eco-Tek Holdings's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.51.

Eco-Tek Holdings Inventory Turnover Historical Data

The historical data trend for Eco-Tek Holdings's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Eco-Tek Holdings Inventory Turnover Chart

Eco-Tek Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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3.64

3.90

5.48

4.32

3.90

Eco-Tek Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															0.94	0.76	1.09	1.06	1.26

Eco-Tek Holdings Inventory Turnover Calculation

Eco-Tek Holdings's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	64.992	/ (	(16.435	+	16.898)	/	2 )
=	64.992	/	16.6665
=	3.90

Eco-Tek Holdings's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	21.217	/ (	(0	+	16.898)	/	1 )
=	21.217	/	16.898
=	1.26

Eco-Tek Holdings (HKSE:08169) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Eco-Tek Holdings's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	16.898	/	21.217	*	365 / 4
	=	72.67

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Eco-Tek Holdings's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	16.898	/	33.356
	=	0.51

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Eco-Tek Holdings Inventory Turnover Related Terms

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Eco-Tek Holdings (HKSE:08169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eco-Tek Holdings Ltd (HKSE:08169) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Westlands Road, Unit 2, 9/F, Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.eco-tek.com.hk

Eco-Tek Holdings Ltd and its subsidiaries are principally involved in the marketing, sales, servicing, research, and development of environmental protection-related products and services. The company operates in two segments: Environment-friendly products and Water supply plants. The environment-friendly products segment, which accounts for the majority of revenue is into the sale of general & industrial environment-friendly products, components, and other related accessories. Its geographical segments are Hong Kong, PRC, and others, of which the vast majority of revenue comes from the PRC.

Executives

Pau Kwok Ping	2101 Beneficial owner
Crayne Company Limited	2101 Beneficial owner
Wide Sky Management Limited (formerly Known As Wide Sky Management (ptc) Limited)	2201 Interest of corporation controlled by you
Chiang Lily	2307 Founder of a discretionary trust who can infl
Virtue Trustees (switzerland) Ag	2301 Trustee

Eco-Tek Holdings (HKSE:08169) Headlines

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